The Underbelly of Iraq's 'Economic Boom'
By Hayder Al-Shakeri for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. The Underbelly of Iraq's 'Economic Boom' Most ordinary enterprises are forced to navigate an economic system […]
No Ban on Dollar Withdrawals in Iraq
By John Lee. The Central Bank of Iraq (CBI) has clarified that, from 1st January 2024, it will still be possible to withdraw dollars from a dollar account at an Iraqi bank. This contradicts recent media reports which suggested that all dollar withdrawals would be blocked from this date. In a statement, the CBI said: […]
Tabaqchali: Private Sector Loan Growth to Fuel Iraq's Economic Recovery
By Ahmed Tabaqchali, Chief Strategist of AFC Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Private Sector Loan Growth to Fuel Economic Recovery The market, as measured by the Rabee Securities RSISX USD Index, was up 8.4% in September, and up 79.4% […]
Ambassador confirms Turkey's readiness to Export Iraqi Oil
By John Lee. According to state-run Iraqi News Agency (INA), Iraq's Ambassador to Ankara announced yesterday (Thursday) that Turkey has agreed to resume oil exports via the Iraq Turkey Pipeline (ITP). It quotes Majid Al-Lajmawi as saying, "Turkish side agreed to immediately resume oil exports from the Iraqi-Turkish oil pipeline." This follows a statement to […]
New Air Route between Erbil and Abu Dhabi
By John Lee. Wizz Air Abu Dhabi has reportedly inaugurated its first flight from Abu Dhabi to Erbil today (Friday 6th October). According to WAM, the flights operate on Monday and Friday, with the national airline flying to more than 40 destinations from Abu Dhabi. The company reported on Monday that it has added a […]
Iraq Stock Market Report
Advertising Feature Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 5th October 2023). Please click here to view a table of listed companies and their associated ticker codes. RSISX Index Change RSISX Index Closings Change (w/w) (%) Change (YTD) (%) RSISX IQD Index 1,424.9 0.8% 56.5% RSISX USD Index 1,401.1 […]
Russian Business Leader discusses Opportunities in Iraq
By John Lee. Dr. Qahtan Taha Khalf, the Ambassador of the Republic of Iraq in Moscow, met with Alexey Repik, the President of Business Russia, on Tuesday. Business Russia describes itself as "an All-Russia Public Organization which represents the interests of private non-resource businesses - local industry leaders." During the meeting, they discussed ways to […]
Scaling Up Iraq's Energy Transition
By Maha Yassin for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Scaling Up Iraq's Energy Transition: Is Now the Right Time? Iraq is expected to experience a […]
Capital Increase for Iraq's Agricultural Cooperative Bank
By John Lee. In its 40th regular session, chaired by Prime Minister Mohammed Shia Al-Sudani, the Iraqi Cabinet agreed to increase the capital of the Agricultural Cooperative Bank by nearly 30 percent. The increase, totaling IQD 29,476,500,000 [$22.6 million], will be added to the bank's current capital of IQD 100,600,000,000. In a statement, the Media […]
Oil Tensions Mount as Iraq Contradicts Turkey's Export Claims
By Julianne Geiger for the OilPrice.com. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Oil Tensions Mount As Iraq Contradicts Turkey's Export Claims While Turkey said on Monday that Iraqi oil exports would resume this week through a stalled oil pipeline, Iraq is saying […]
Kurdistan Oil Producers Cautious on Restart to Iraq-Turkey Pipeline
By John Lee. The industry group representing international oil companies (IOCs) in Iraqi Kurdistan has said that its member companies won't be able to produce oil for pipeline exports until there is clarity on how IOCs will be paid for past and future oil sales, as they are currently owed nearly $1 billion in unpaid […]
Iraqi Kurdistan's Electricity Crisis: Challenges and Sustainable Solutions
By Dashti Adil for the Institute of Regional and International Studies (IRIS) at the American University of Iraq, Sulaimani (AUIS). The opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan's Electricity Crisis: Challenges and Sustainable Solutions KRG policymakers must embrace solutions that both expand […]